Pawan Hans pays Rs 7.76 cr as dividend to Govt

State-run helicopter operator Pawan Hans said that it has paid a dividend of Rs 7.76 crore to the government and ONGC for the financial year 2014-15. “The Minister for Civil Aviation P. Ashok Gajapathi Raju received a cheque of Rs.3,95,84,735 from Dr. B.P. Sharma, Chief Managing Director, Pawan Hans Ltd, as dividend for the year 2014-15. Pawan Hans has declared a dividend of Rs. 7.76 crores for the financial year 2014-15. A cheque of Rs. 3, 80, 15,265 has also been paid to ONGC as being 49% shareholder of PHL,” Ministry of Civil Aviation said in a statement. Pawan Hans has been making profit since 1992 and has paid Rs. 223.69 crores dividend as on 2014-15. For the financial year 2014-15 PHL’s operating revenue increased to Rs 538.15 crores compared to Rs 529.57 crores in the previous year. The company posted an operating profit for 2014-15 is Rs 79.13 crores against Rs 73.03 crores in the year 2013-14. This year the company has managed to turn around with net profit after tax of Rs 38.81 crores against Rs.38.57 crores during previous year and has declared dividend @ 20% of the net profit after tax (i.e. Rs.38.81 crores) to Govt. of India and ONGC. Pawan Hans provides helicopter support with 10 helicopters for offshore operation of ONGC. The Company provides helicopter services to State Governments of Meghalaya, Mizoram, Maharashtra, Tripura, Assam, Sikkim, Odisha, Himachal Pradesh, Arunachal Pradesh, Ministry of Home Affairs, Administration of Andaman & Nicobar Islands and Lakshadweep Islands.